NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
19
TRADE AND OTHER RECEIVABLES (Continued)
(c)
Trade debtors that are not impaired (Continued)
Receivables that were neither overdue nor impaired relate to a wide range of customers for whom there was no recent history of default.
Receivables that were overdue but not impaired relate to a number of independent customers that have a good track record with the Group. Based on past experience, management believes that no impairment allowance is necessary in respect of these balances as there has not been a significant change in credit quality and the balances are still considered fully recoverable.
20
CASH AND BANK BALANCES
(a)
The Group
2014
HK$'000
2013
HK$'000
The Company
2014
HK$'000
2013
HK$'000
Deposits with banks and
other financial institutions
2,515,661
Cash at bank and in hand
15,166
1,667,803
91,762
1,695
1,081
2,530,827
1,759,565
1,695
1,081
Included in cash and bank balances are the following amounts denominated in a currency other than Hong Kong dollars:
The Group
2014
2013
The Company
2014
2013
'000
'000
'000
'000
United States dollars
USD
9 USD
9 USD
4
USD
3
Renminbi
RMB
34 RMB 100,618
(b)
Major non-cash transactions
During the year, the Group has payable in relation to additions of properties under development for sale of HK$238,125,000 (2013: HK$101,714,000). These additions have no cash flow impact to the Group.
Hong Kong Ferry (Holdings) Company Limited Annual Report 2014
91
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